"Boston State-House is the hub of the solar system." - Oliver Wendell Holmes
"...not everyone, but only one who knows, finds the midpoint in a circle." - Aristotle
"...I stated, 'Your Home is not an asset.' Real estate agents sent me hate mail." - Robert Kiyosaki

Be Wary of Lear Disposition Group

I got a call from a woman named Diane representing Lear Disposition Group, also known as Team Lear, this morning. Diane called me from (720) 515-7037 which is a Denver, CO phone number. Only to show you what the site of a company that has been scamming real estate salespeople looks like, I’m giving you the link to Lear Disposition Group. In this case, the site looks, on initial inspection, professional. These scammers are smart.

After some quick Binging of “Team Lear” while I was on the phone with Diane, I noticed that the first result on Bing was “team lear scam”. I’m not Spider-Man but my senses immediately started tingling. Diane assured me that the complaints were nothing to worry about. I searched “team lear” on RipoffReport.com, et voilà, numerous complaints. Manoj Jakhar, a real estate agent working out of Des Plaines, IL asked, on a Ning site called REO Pro, a question about Team Lear. I’ve edited her question for easier reading.

I got a call from Team Lear and the man is saying that he is an Asset Manager and that he wants me to do exterior BPOs and occupancy checks. Team Lear will do everything, including trash outs and getting the properties vacated, I just need to put the properties on the market. He wants me to pay them $499 of which $400 is refundable and $99 is a process fee. Has anybody worked with this company?

Team Lear has created a Twitter account with the handle @TeamLearREO and it has even tweeted a few tweets relevant to its scam. It’s even created a Team Lear Facebook page but looking more closely at the Visitor Posts will show you the veracity of the complaints against Team Lear. These social media accounts might be enough for the unsuspecting real estate agent to believe that Team Lear is legitimate.

The company is supposedly based at 2373 Central Park Blvd, Suite 100, Denver, CO. Stupidly on their part, the Google map on their own site shows that location is a SmartSpace location. What is SmartSpace? It’s a virtual office company like Regus. Team Lear, most likely, uses that address only as a mailing address. Regular readers of this blog might remember that I had a Regus office located at 470 Atlantic Avenue, Fourth Floor, Boston, MA from a post entitled “Regus Management Group, LLC – Aggressive Collection“. I like the idea of virtual office space but companies like Regus and Team Lear can put a stain on the concept.

Lear Disposition Group will most likely fold up soon and begin the scam again using a new name with a new identity because the heat is on. I’m quite honestly surprised that it’s lasted this long without going through the metamorphosis. Scam to scam to scam. This is a another warning for real estate agents out there. Be careful!!!